Infinited Fiber plans to build €220 mn flagship factory in Finland. The company is well-known for its Circular fashion and Finland’s expansion will produce its unique, regenerated textile fibers for the global market. Infinited Fiber will decide on the location by September.
Infinited Fiber Co.’s technology turns cellulose-based raw materials, like cotton-rich textiles, used cardboard or rice or wheat straw, into Infinna, a unique, premium textile fiber with the natural, soft look and feel of cotton. Infinited Fiber Co. currently operates pilot facilities in Espoo and Valkeakoski, Finland, with a combined nominal capacity of 150 metric tons per annum. The planned flagship factory will have 30,000 metric tons per annum and will use textile waste as feedstock.
More than 92 million metric tons of textile waste are produced globally every year, ending up in landfills or incinerators. At the same time, textile fiber demand increases, with Textile Exchange estimating the global textile fiber market to grow 30 percent to 146 million metric tons by 2030 from 111 million metric tons in 2019. Infinited Fiber Co.’s circular fiber regeneration technology, which uses waste as its raw material, offers a solution for capturing waste and reducing the industry’s burden on limited natural resources. Several major global fashion brands have made public commitments to using recycled textiles in their collections.
The total investments for setting up the flagship plant are estimated at around 220 million euros. Infinited Fiber Co. expects its currently ongoing evaluation into financing options for the plant to be completed soon. The plant is expected to be operational in 2024. International Technology Group ANDRITZ will be a key supplier of the process equipment for the new plant.
Petri Alava, CEO of Infinited Fiber Co., said, “This marks an exciting next phase for Infinited Fiber Company. We are seeing great demand for our circular Infinna™ textile fiber from global fashion brands. Setting up our own plant is a response to this demand. While technology licensing remains central to our long-term business strategy, this plant will speed up the availability of Infinna to the global fashion and textile market in the short- to medium-term. Finland has a long history of cellulose-based industries, excellent engineering capabilities and a strong drive to become a leader in circularity. We are currently considering several potential locations across Finland where the existing infrastructure is supportive of our plans.”